Course instructors are responsible for the course content descriptions in English.

Description

The objectives of the economy as a science. Introduction to the market and the forces driving it: supply and demand. The concepts of market, balance, and economic efficiency. Introduction to macroeconomics: the economy over the long-term. Macromagnitudes and indexes. The real economy and the monetary economy.

Faculty

Professional interest

The degree in Political Science and Public Management provides the skills needed to perform managerial and technical issues related to governance in the public and private companies, for which in turn requires a complementary economic training. So are many jobs in public administration, increasingly, require detailed knowledge of economic matters, both for the preparation of objections in access and in the subsequent year. Just to mention, by way of example, the positions of Inspector of Finance, or Controller Working in local government, in the exercise of economic disciplines have a fundamental weight. In this context, the subject of Principles of Economics, seeks to provide some basic concepts and knowledge to comprehend the functioning of markets and economic institutions, and equip future graduates of a base on which to incorporate more specialized knowledge other materials will be provided during the titration.

Competencies and learning outcomes

General competencies

Ability to use the tools and instruments needed to properly observe the systems under study.

Capacity for planning, organizing, directing, and controlling systems and processes within a framework that guarantees respect for values, rights and basic principles of the legal system, business competitiveness, protection and conservation of the environment, and sustainable development.

Capability for developing new lines, processes, projects, and products.

Ability to communicate in formal, graphic, and symbolic styles, as well as with oral and written forms of expression.

Ability to work with multidisciplinary and multicultural teams.

Specific competencies

Know the political processes and actors, resolving difficulties that may arise in this area.

Operate using quantitative and qualitative research data.

Apply political theories into practice.

Analyze the economic environment and dimensions of the public sector.

Develop strategic plans within the sphere of public administration.

Plan, implement, evaluate, and analyze public policy.

Objectives (Learning outcomes)

01Understand the operative of the market and its role in the economy, identifying its different structures and economic motives underlying public intervention.

02Analyze the behavior of economic units and their relations, especially of the firm as responsible for the production and allocation of productive resources.

Software

Methodology and grading

Methodology

Grading

The final evaluation will consist of a test that counted 60% of the grade. The exam will consist of a battery of test questions (80% of exam score) with a practice or questions to be developed (20% of exam score) type. Four questions answered wrong on the part test, the correct question is deducted. The individual and collective practices account for the remaining 40% (in the same proportion) and both assistance and the timely delivery should be considered. Those who miss some of the practices presented during the course, may recover delivering them individually on test day. Thus recovering part of the corresponding note.

Correction criteria

Questions that are not answered correctly in the test part will be deducted from the correct ones. Every 4 questions will subtract one question well (nothing will be reduced in case of not reaching 4 incorrect questions).

Additional requirements

It will be necessary to obtain a minimum of 4 points to average with the grade of the practical part obtained in evaluation during the course or exam.